A joint venture between Dallas-based TriGate Capital LLC and Maitland-based Tower Realty Partners has purchased three office buildings in for the Orlando sub-market of Maitland for a combined $35.6 million. The first purchase involved the Maitland Green I and II buildings, which have 194,700 square feet of office space. The price tag was $23.7 million, or $121.73 per square foot. The second acquisition, the four-story, 137,000-square-foot Southpoint Executive Center at 151 Southall Lane, went for $12 million, or $87.59 per square foot. The seller, New Boston Fund, Inc., was represented by New Boston was represented by Jeff Morris and Bret Felberg of JLL.
āSelling this portfolio of buildings now has allowed New Boston to take full advantage of the continued strength in the leasing market we have experienced in the Orlando area, while recognizing a healthy investment return for our investors,ā said Jon Gillman, Senior Vice President of Asset Management at New Boston Fund.
